Like always the chart should tell you everything you need to know about Motherson.
Now for the readers, here are some pointers:
- The price broke a structure in June to rally about 20%
- Currently, it is at a very crucial point. The previous strong support is now acting as a strong resistance.
- The 100 rupee mark is also a strong psychological resistance for...
This is the analysis of MSUMI in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your...
NSE: MOTHERSON is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 14%...
NSE:MOTHERSON looks very strong on charts. The rally is sustainable in my opinion as the auto sector is in tailwinds and is doing well at the moment. The share formed a double bottom around 60 and has since rallied back up. Previous high could be a good target and therefore, levels of 120 can be expected in the coming months. If the stock breaks above 120, then...
BUY - MOTHERSON
CMP - Rs. 78
Target - 1: Rs. 115
Target - 2: Rs. 135
Target - 3: Rs. 170
Technicals - Bullish Flag BO
This is just a view by an expert analyst, please invest at your own risk.
Follow me for more!
Company engaged in the manufacturing and sales of automotive parts. Promoter holding more than 65% with a slight % of promoter pledge. Even though the company is reducing their debt , but net profit declining for last 2 years. Technically it looks so good. Broken 1 year resistance trend line. Seems to get get an upside movement soon .
MOTHERSON:- Rounding bottom pattern has been formed, breakout has also been given, keep your eye on the stock
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
Stock Name - Motherson Sumi Systems Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 80
#This is not Buy and Sell recommendation to any one. This is for...
This lately diversified Motherson company is ready to give a bullish move in coming week up to a level of 85.45. Daily chart has already given breakout from its resistance area, further zooming-in in hourly timeframe, shows breakout from cup & handle pattern with a gap-up. With auto sector looking bullish, it only further confirms the strength of up-move.
Motherson sumi stock heading towards harmonic support
Stop Loss:- 119.55 (closing basis)
first target gap filling
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not...
1) On 1hr time frame, we can see it has been trading in 10point range from 132-142.
Please refer below chart : 1hr time frame.
2) On 15min time frame we can see it is at the support channel. There can be chance if it takes support from it then we can see an buying but remember immediate breakout level is 142.
But if it...